Our Services
Audit and Assurance Services
- Statutory audit services
- Limited review services
- Agreed upon procedures
- Other assurance services
Zakat and tax compliance services
- Assisting in the preparation and filing of annual zakat and tax returns
- Assisting in the preparation and filing of the withholding tax returns
- Assisting in the preparation and filing of value added tax returns
- Requesting installment plan
- Requesting the issue of zakat certificate
- Requesting the release of a contract
- Updating the registration information with ZATCA
- Filing the contract information
- Requesting the reduction of advance tax payments
- Requesting the deferral of VAT payments
- Requesting the release of guarantees
- Requesting the registration or cancelling the registration of group tax in VAT
- Recovery of VAT payment
- Ceasing or cancelling registration with VAT
Liquidation of companies
Our work for the liquidation of companies, covers the following:
- Settlement of the company’s obligations
- Sale of the company’s assets including movable assets or properties through auction or in any other manner unless the liquidation documents specifies that the sale shall be conducted by other means
- Representation of the company before the judiciary and acceptance of conciliation and arbitration.
- Cancellation of the ZATCA assigned number
Bankruptcy work
Abdulaziz Al Shabeebi obtained the necessary licenses from the Ministry of Commerce and Investment to carry out the bankruptcy work and he is among the secretaries of bankruptcy. Our services include:
Guarantee of creditors’ rights
We perform our work in accordance with the requirements of the relevant regulations and laws with the objective to secure the rights of creditors.
Financial reorganization procedure
Financial reorganization procedures include our supervision of the debtor to ensure that he reach to an agreement with the creditors to reorganize his business financially.
Liquidation procedures and assets identification
Performing liquidation procedures and identification of assets in order to sell the assets at the best possible value. Determining and sorting the claims on the debtor and distributing their outcomes upon the creditors in accordance with the relevant regulations after considering the priority of the debts and offsetting procedures.
Zakat and tax advisory services
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- Zakat planning for the future through the review of zakat base elements in order to determine the optimum and fair zakat base for the zakat payer.
- Assisting the companies in the preparation and submission of replies to ZATCA inquiries and providing the required information
- Assisting the companies in the preparation and filing of appeals against the zakat and income tax assessments
- Representing the companies in appeals against ZATCA and before the General Secretariat of Tax Committees and appeal committees
- Preparing grievances to be submitted to the review committee.
- Representing the companies before settlement committees
- Reviewing the current status of the companies, providing an overall assessment of the zakat and income tax status, identifying existing exposures and providing strategy to deal with such exposures.
- Studying the accounting system and the documentary cycle for companies in order to ensure that all legal requirements related to keeping accounting records and providing the required reports are met, which help the company to ensure compliance with all requirements of zakat and tax systems in the Kingdom.
- Performing detailed analysis and review for the zakat and tax exposures and impact on various financial transactions, financial restructuring, organizational restructuring, and legal restructuring and providing recommendations to minimise negative impacts on future cash flows from zakat and income tax as a result of such transactions and or restructuring.
Performing a study for the zakat and income tax impact as a result of changes in accounting policies or the first time adoption of accounting standards.
Internal Audit Services
- Internal audit outsourcing
- Internal audit co-sourcing
Financial and Managerial Advisory Services
- Financial due diligence in acquisition and merger transactions
- Feasibility studies
- Financial and accounting policies and procedures
- Improvement and development of periodic accounting closing procedures and issuance of financial reports to comply with regulatory requirements
Judicial guardianship
Judicial guarding
The judicial guardianship is assigned by the judicial authorities, which determine the scope of our work in accordance with the requirements of the relevant laws and regulations.
Technical support for resolving financial and accounting disputes
Owing to its integrated professional team with experience in financial, accounting, auditing of large companies and family groups as well as deep knowledge of zakat and income tax, companies’ and bankruptcy regulations, Maham is capable of supporting minority partners, and board members of companies to resolve significant disputes with the companies’ management, auditors and third-party advisors or majority partners in order to secure the rights of the parties.